March/April Archives - Èý•NÌåÓý /2021/marchapril-2021 Get the latest oil drilling news with Èý•NÌåÓý Wed, 29 Jun 2022 22:08:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 202015461 Automated directional drilling gaining trust among industry users /automated-directional-drilling-gaining-trust-among-industry-users-59473 /automated-directional-drilling-gaining-trust-among-industry-users-59473#respond Tue, 16 Mar 2021 16:34:55 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59473 Innovations in software continue to enable better predictive capabilities, helping operators achieve repeatability and consistency in their wellbores By Stephen Whitfield, Associate Editor Unpredictable directional drilling performance can have a significant detriment on a drilling operation, leading to higher costs and potentially missed production. While many directional drillers perform at a high level, the practice …

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]]> /automated-directional-drilling-gaining-trust-among-industry-users-59473/feed 0 59473 Concave diamond element bits leverage unique geometry cutters to improve ROP, drilling efficiency /concave-diamond-element-bits-leverage-unique-geometry-cutters-to-improve-rop-drilling-efficiency-59482 /concave-diamond-element-bits-leverage-unique-geometry-cutters-to-improve-rop-drilling-efficiency-59482#respond Tue, 16 Mar 2021 16:34:55 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59482 Marcellus and Haynesville case studies show how 3D shaped cutters enhance ROP and drill bit durability in medium-strength, interbedded formations By Wiley Long, Smith Bits, a Schlumberger company Innovation of 3D shaped cutters for polycrystalline diamond compact (PDC) bits is evolving as drilling operators desire to drill faster in challenging and complex geologies, including medium-strength …

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]]> /concave-diamond-element-bits-leverage-unique-geometry-cutters-to-improve-rop-drilling-efficiency-59482/feed 0 59482 Better understanding of data, physics key to BHA optimization /better-understanding-of-data-physics-key-to-bha-optimization-59510 /better-understanding-of-data-physics-key-to-bha-optimization-59510#respond Tue, 16 Mar 2021 16:34:54 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59510 Companies realizing that a more holistic approach may be needed to enable precise directional control while optimizing ROP By Stephen Forrester, Contributor In an industry that continues to face financial headwinds, it is more important than ever that drilling is a cost-effective endeavor. Solutions over the past decade have achieved some success in the cost per …

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]]> /better-understanding-of-data-physics-key-to-bha-optimization-59510/feed 0 59510 Proposed sustainability index would use AI, uncertainty modeling to track well throughout its life cycle /proposed-sustainability-index-would-use-ai-uncertainty-modeling-to-track-well-throughout-its-life-cycle-59534 /proposed-sustainability-index-would-use-ai-uncertainty-modeling-to-track-well-throughout-its-life-cycle-59534#respond Tue, 16 Mar 2021 16:34:54 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59534 Metrics-based methodology can be applied to create a ‘scorecard’ system to quantify progress throughout well planning, engineering and drilling By Stephen Whitfield, Associate Editor While the digital transformation has led to major advancements in the oil and gas industry, so far technologies such as cloud computing and digital twins have not been heavily leveraged to progress …

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]]> /proposed-sustainability-index-would-use-ai-uncertainty-modeling-to-track-well-throughout-its-life-cycle-59534/feed 0 59534 Transparency in disclosures and better power management among industry’s key sustainability efforts /transparency-in-disclosures-and-better-power-management-among-industrys-key-sustainability-efforts-59539 /transparency-in-disclosures-and-better-power-management-among-industrys-key-sustainability-efforts-59539#respond Tue, 16 Mar 2021 16:34:54 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59539 The world’s intensifying focus on reducing carbon emissions has placed the oil and gas industry under a microscope, with investors, regulators and the public at large all pushing for investments and improvements around sustainability. While many oil and gas companies have set clear carbon reduction targets, translating those ambitions into measurable results will take time.

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]]> /transparency-in-disclosures-and-better-power-management-among-industrys-key-sustainability-efforts-59539/feed 0 59539 Are electrically powered fleets the future of fracking? /are-electrically-powered-fleets-the-future-of-fracking-59560 /are-electrically-powered-fleets-the-future-of-fracking-59560#respond Tue, 16 Mar 2021 16:34:53 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59560 E-frac systems tout emissions reductions and lower costs over time, but higher upfront capital requirements and lead times remain barriers By Stephen Whitfield, Associate Editor As the shale completions industry navigates the current economic and ESG landscape, it continues to be challenged by two significant and growing requirements: to find new cost efficiencies and to reduce …

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]]> /are-electrically-powered-fleets-the-future-of-fracking-59560/feed 0 59560 Time to shift focus from cost to value, new report says /time-to-shift-focus-from-cost-to-value-new-report-says-59506 /time-to-shift-focus-from-cost-to-value-new-report-says-59506#respond Tue, 16 Mar 2021 16:34:53 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59506 As this issue of Èý•NÌåÓý went to press in early March, the world was coming up on the anniversary of COVID-19 being declared a pandemic and everything shutting down. What followed was a wild year that toppled every oil and gas industry forecast we had going into 2020. It also kicked everyone’s well-laid business plans to the curb – no budget scenarios assumed a negative $37.63 oil price.

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]]> /time-to-shift-focus-from-cost-to-value-new-report-says-59506/feed 0 59506 IADC advances advocacy, accreditation to support industry’s collective goals /iadc-advances-advocacy-accreditation-to-support-industrys-collective-goals-59502 /iadc-advances-advocacy-accreditation-to-support-industrys-collective-goals-59502#respond Tue, 16 Mar 2021 16:34:52 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59502 The past year was historic in several ways, bringing vast changes not only to the way we work and do business but also in the way live. However, as it did in the 80 years prior, IADC stood as a stalwart of our industry, taking care of our own through the storm. This has meant serving members and understanding their varying interests, priorities

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]]> /iadc-advances-advocacy-accreditation-to-support-industrys-collective-goals-59502/feed 0 59502 Innovative mindset required as industry aligns with net-zero goals /innovative-mindset-required-as-industry-aligns-with-net-zero-goals-59550 /innovative-mindset-required-as-industry-aligns-with-net-zero-goals-59550#respond Tue, 16 Mar 2021 16:34:52 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59550 With the general public mounting increasing demands for low-carbon energy solutions, the oil and gas industry finds itself seeking ways to adapt to a new landscape. This means the industry will have to speed up the commercialization of potentially game-changing technologies

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]]> /innovative-mindset-required-as-industry-aligns-with-net-zero-goals-59550/feed 0 59550 ART Committee aims to foster industry collaboration around automation, efficiency, data quality /art-committee-aims-to-foster-industry-collaboration-around-automation-efficiency-data-quality-59556 /art-committee-aims-to-foster-industry-collaboration-around-automation-efficiency-data-quality-59556#respond Tue, 16 Mar 2021 16:34:52 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=59556 The IADC Advanced Rig Tech-nology (ART) Committee has developed several guidelines and documents in recent years around data collection, cybersecurity and alarm management – all aimed at helping the industry to advance its automation, digitalization and safety journey

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